Astral Media (ACM / A), it is to hold talks with BCE (BCE), the plan to revitalize itself sold to Canada's largest telecommunications company, their recommendations to regulatory agencies to prevent.
Interstellar BCE discussion, continue to seek the approval of the regulatory authorities, including, in the other option, the application submitted by the Canadian Radio-television and Telecommunications Commission, according to a statement today. In Montreal, the company said: "the time and details of any such application has not yet determined.
Canada's broadcast regulator, the CRTC refused BCE C $ 3 billion ($ 0.3 billion) bid to buy Star October 18, saying the deal would curb competition from television and radio.
Interstellar billboards, broadcasters and owners in Toronto at the end, it's the biggest one-day gain, rising 5.1% $ 44.40 since the acquisition announced on March 16. Trading was suspended until after the noon report by the Globe and Mail, the re-acquisition plans. BCE rose 1.5 percent, to C $ 41.99, its biggest progress since August 8.
"Star motives as planned, despite a possible major modified version in order to appease the group at the CRTC multi thorn," Adam service in Montreal, National Bank Financial analyst, said in a report released yesterday by the customer end.
Deal with senior
October 25, the two companies agreed to extend the so-called outer date, the deadline for the acquisition completed, until December 16. BCE and Astral Everyone has the right to further postpone the deadline until January 15.
BC agreed to pay $ 50 per share Star on March 16, a premium of 38 per cent in the previous day's closing price. More than 26% of the average premium paid for the global media company in the past five years, according to data compiled by Bloomberg. Interstellar surged 34 percent the day the deal was announced.
Mark Langton, BCE spokesman said today that the company will not star Statement comment.
BCE said last month that would require the federal government to provide policy direction, CRTC review acquisition. Regulator ignored its own policy, obstruction Star, BCE said in a statement issued on October 18.
BCE, the owner of the CTV television network, no more than the French sports channel RDS other content in France. Add Star will strengthen, content, Vice Chairman 马丁特科特 said in March....
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